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Development Bank gets relief in row with former InterCon owners
The Intercontinental Hotel as it stands, after years of operation the hotel was closed down, on March 17, 2023.
Photo credit: File | Nation Media Group
Development Bank of Kenya has succeeded in quashing a demand for a Sh100 million payout in a long-running trespass dispute with the owners of the former InterContinental Hotel, Nairobi.
High Court Judge Aleem Visram said that the bank had proved that it capped its guarantee to Kenya Hotel Properties Ltd at Sh70 million, hence a Sh99.9million demand by Willesden Investment Ltd was irregular.
